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inessss [21]
3 years ago
9

Suppose you paid $300 to take an economics course, which meets 30 times for one hour a class, during the course of the semester.

Instead of attending class, you could have either flipped hamburgers for $8 an hour or waited tables for $5 an hour. Given this information, the opportunity cost of attending each class session is:
Business
1 answer:
erastova [34]3 years ago
7 0

Answer:

The opportunity cost of each class is earning $8 making hamburgers

Explanation:

The cost of opportunity is the best alternative that you sacrifice when you choose an option.  

It represent the benefits that you misses out on when choosing one alternative over another.

In this case the best alternative you have is flip hamburgers for $8 an hour.  

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The customers for mountain sports equipment mostly have high disposable incomes. however, imagine that peter, thomas, and wim wa
Ratling [72]

The question is incomplete as there are no choices provided but I was able to find a similar question that contains its choices which are the following;

-          Recruit local people to work as salespeople and distributors

-          Research what people with annual incomes of less than US $1,500 really need

-          Assign R & D the project of developing gear that meets basic needs for warmth and dryness but can be manufactured inexpensively

-          View the initiative as primarily a philanthropic venture that is unlikely to turn a profit

The correct answers are the following;

-          Recruit local people to work as salespeople and distributors – this will help them to spend less money to help them with their business

-          Research what people with annual incomes of less than US $1,500 really need – customers basic needs and considering what they can afford is a good strategy as you may identify what you need to laid out in the market and not to waste money on goods that are not going to be bought

-          Assign R & D the project of developing gear that meets basic needs for warmth and dryness but can be manufactured inexpensively – this will help one’s business to spend less and earn more and meet the desired needs of a consumer

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6 0
3 years ago
The ________ theory states that when an aspect of the market makes a transaction (e.g. exporting a product or service) less effi
uysha [10]

Answer:

It is the theory of Market Imperfections

Explanation:

Market imperfections theory is said to be when a trade theory is brought about from international markets where perfect competition does not exist. It occurs when at least, one of the assumptions for perfect competition is violated and this results to what we call an imperfect market.

5 0
3 years ago
Which of the following serves as the justification for the periodic recording of depreciation expense? a. Association of efforts
SIZIF [17.4K]

Answer:

"B"

Explanation:

Depreciation is a practice of systematic allocation of the cost of an asset to the income generated over its useful life time , either on a straight line method or reducing balance.

As demanded by the matching concept of accounting , revenue are expected to be linked to associated expenses otherwise profit will end up being overstated and and management misinformed and wrong decisions likely to be taken

7 0
3 years ago
Brenda wants to reduce mass media imc and to increase the use of personalized marketing communication messages. To achieve this
Alekssandra [29.7K]

The correct answer is Direct Marketing.

Brenda wants to reduce her mass media imc and to increase the use of personalized marketing communication messages. To achieve this goal, Brenda will likely increase her use of Direct Marketing.

<h3>What do you know about Direct Marketing? </h3>
  • It is a form of direct communication with the selected customer, organization, or other firms.
  • This form of marketing may be intrusive and annoying for a lot of people.
  • The response rate is also quite low for direct marketing.
  • We usually need to promote our products or services with this kind of marketing.
  • It helps you in building a direct bond or direct relationship with new customers.
  • It can also help in understanding the appeal of the product.

To learn more about marketing visit:  brainly.com/question/14201420?

#SPJ4

7 0
2 years ago
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue $ 78,500 Postage exp
Studentka2010 [4]

Explanation:

The preparation of the year-end income statement for Fighting Okra Cooking Services is presented  below:

                                      Fighting Okra Cooking Services

                                                 Income statement  

                                                As on December 31

Revenue  

Service revenue $78,500

Total revenues $78,500 (A)

Less: Expenses

Postage expense $1,500

Legal fees expense $2,600

Rent expense $21,000

Salaries expense $22,000

Supplies expense $20,000

Total expenses $67,100 (B)

Net income $11,400 (A- B)

4 0
3 years ago
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